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El Portal Apartments 280 W California Ave 25 Unit Apartment Building $8,495,000 ($339,800/Unit) 4.10% Cap Rate Sunnyvale, CA 94086
Investment Highlights
- Incredible Value-Add Asset in Sunnyvale's Iconic Heritage District
- Desirable Unit Mix
- Abundant Lifestyle Amenities
- Unprecedented Rent Growth
- Convenient Community Amenities
Executive Summary
El Portal Apartments is a well-situated 25-unit value-add asset located on 280 W California Ave in the city of Sunnyvale, California. Situated on a large 30,155 square foot parcel of land, the subject property was originally constructed in 1974, featuring a gross building area of approximately 15,162 square feet. Tenants enjoy beautifully designed, spacious two-bedroom, one-bedroom, and studio floor plans. El Portal Apartments also offers tenants convenient amenities such as private parking and on-site laundry. El Portal Apartments is strategically situated in Sunnyvale’s vibrant Heritage District. This highly walkable neighborhood offers tenants immediate access to a dynamic mix of restaurants, retail, entertainment, and the Sunnyvale Caltrain Station—supporting both a high quality of life and strong renter demand. The subject property also benefits from proximity to major tech employers, excellent schools, and key transportation corridors, positioning it as an ideal investment for long-term growth and stable occupancy in one of the Bay Area’s most desirable submarkets. The investment appeal of this asset is driven by Sunnyvale’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, El Portal Apartments presents an attractive choice for South Bay renters with close proximity to major employers, shopping, dining, and entertainment options.
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Property Facts
| Price | $8,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $339,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.69 AC |
| Cap Rate | 4.10% | Building Size | 15,162 SF |
| Gross Rent Multiplier | 13.75 | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Zoning | R4PD | ||
| Price | $8,495,000 |
| Price Per Unit | $339,800 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Gross Rent Multiplier | 13.75 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 15,162 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | R4PD |
Amenities
Unit Amenities
- Washer/Dryer
- Walk-In Closets
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 600 - 800 |
| 1+1 | 17 | - | 800 |
| 2+1 | 4 | - | 1,000 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 204-51-001 | Improvements Assessment | $2,377,354 |
| Land Assessment | $3,072,342 | Total Assessment | $5,449,696 |
Property Taxes
Parcel Number
204-51-001
Land Assessment
$3,072,342
Improvements Assessment
$2,377,354
Total Assessment
$5,449,696
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El Portal Apartments | 280 W California Ave
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